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Xiaomi secures US $1bn loan for global expansion

Chinese smartphone manufacturer Xiaomi has secured a US $1 billion loan to expand its footprints globally and increase its retail opportunities, the company said on Friday. The smartphone manufacturer has secured a three-year term US $1 billion syndicated loan agreement...

Xiaomi CEO meets Modi, promises more jobs

Chinese technology company Xiaomi's founder and CEO Lei Jun met Prime Minister Narendra Modi on Tuesday and said the company was committed to creating more jobs in India. The chairman of the Chinese tech giant told Modi how smartphones are...

Xiaomi aims to create 20,000 jobs in India

Chinese technology major Xiaomi's founder Lei Jun on Monday said India was one of the important markets for the company and it aims to create 20,000 jobs in the next three years. In his address at the Economic Times Global...

Xiaomi sells 1 million phones sold in 18 days; to become top smartphone brand

Chinese firm Xiaomi sold a record one million smartphones in India in the first 18 days of October, its global chief executive Lei Jun has said, adding that it can become the country’s top smartphone brand within five years. “I...
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Raymond posts 63% drop in Q2 profit to Rs 59 cr

Total income rose to Rs 1,100.70 crore during the July-September period of this fiscal from Rs 512.35 crore in...
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